5800 Andrews RdMentor-on-the-Lake, OH 44060

Property Details for 5800 Andrews Rd

Year built

1971

Construction

WOOD

Lot size

1.03 AC

Property size (Sq ft)

12,000 SF

Zone code

0BLDG

Property type

Office properties

Property subtype

Office buildings

APN

19-A-091-0-00-012-0

APU

19A0910000120

Description

This exceptional 1,250 square foot executive office space is available for lease within a larger 12,000 square foot, two-story retail and office building located at 5800 Andrews Road in Mentor-on-the-Lake, Ohio, zip code 44060. The property, classified as Class C, was constructed in 1971 and features a multi-tenant occupancy. The suite offers a fantastic opportunity for businesses seeking a well-located office space in the Northeast Cleveland submarket of Lake County. The building's address is 5800 Andrews Rd, and its APN is 19A0910000120 & 130. This particular space is part of a larger strip center, providing convenient access and high visibility. The property's location in Mentor-on-the-Lake offers easy access to major transportation routes, making it an ideal location for businesses needing convenient commutes for employees and clients. The available space presents a blank canvas for businesses to customize and create their ideal workspace. Serious inquiries are encouraged to explore this leasing opportunity further. The total building size is 12,000 square feet, with 1,250 square feet currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,158,799

  6.5%

  $1,992,738

  7%

  $1,850,399

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,122,480

  Geo Method

  $1,122,480

• Alternative Use

  Use

  Valuation

  Residential

  $2,470,994

  Hospitality

  $2,263,418

  Educational

  $1,883,137

  Medical

  $1,947,901

  Retail

  $2,929,324

Location Insight

City

Mentor On The Lake

County

Lake

State

Ohio

Latitude

41.7138

Longitude

-81.3617

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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